AL Cabinet approves 100,000-tonne rubber purchase
The cabinet has approved the purchase by eight ministries of 100,000 tonnes of rubber directly from growers at an above-market price, and appointed eight new people to the 15-member Rubber Board.Announcing the decision, Prime Minister Prayut Chan-o-cha did not reveal the buying price but said it would be higher than the current 35 baht a kilogramme for latex."This should help farmers over the remaining three months before they stop tapping for the season. We won't buy from cooperatives," he said after the cabinet meeting on Tuesday.He said Thailand had 4.7 million tonnes of rubber while local demand was 1.4 million tonnes, so the country needed to increase usage by 30-50%."We'll accelerate building new factories to make mattresses for the military and other products such as gloves. This will simultaneously support new operators," he said.